Just a quick update with the fresh short interest numbers from the NASDAQ Trader website. Click the table above for a better view and see my Croced and Loaded post for more on this story. The bottom line is that Crocs Inc. (NASDAQ: CROX) short interest rose by 13.6% and now represents 28.7% of the float. Earnings news should be out late next week and there’s no telling what we’ll see between now and then. It could be anything from whipsaw/shakeout/headfake action on big volume to continued tight ranges on low volume. If there’s any pre-earnings positioning it should start to show itself in the next few days, with a high probability of…
…fireworks going off and analysts coming out of the woodwork on the earnings news, which should bring either: (a) the shorts suffering a major squeeze, or (b) the shorts banking major profits. One way or the other I am looking for volatility to increase, probably significantly. Cheers!
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